Trading a new account is something that all traders have to do at some point (usually at the beginning of their trading career), so it is important to know how to trade a new account correctly, otherwise the new account may quickly become a closed account. Professional traders are created by learning about trading, and… Read More »
Understanding your own trading psychology is critical to being a successful Trader. Are you focused on trying to make money? Or are you more focused on trying not to lose money? The truth is that making money is the easy part. It is keeping it that is so hard. Most of the trade do have… Read More »
Money management is probably the most important and most overlooked part of building a successful career in trading. I often say that a successful trader is actually a risk manager, and although we all think it is about entering a trade, managing it is far more important. However, you must have confidence in your trading system… Read More »
A great excerpt from “Trading Rules: Strategies for Success” by William Eng. It’s a great reminder that market prediction is a fool’s errand: When you buy something, you want it to go up. When you sell something, you want it to go down. The chance of entering the trade correctly is small, but the chance… Read More »
How can a professional take the same trade as an amateur yet end the trade at a profit or be in a better position psychologically after taking a loss? Every trader experiences losing trades. Professionals and amateurs may have similar outlooks on a market, but oftentimes they end up with different results.So lets discuss the… Read More »
Most of us want to be as perfect as we can. We do not want to experience failure or setbacks or roadblocks. In fact, most of us have been raised that failure, in any case and at any time, is ‘bad’ and success is ‘good’. So if that is the case, then thinking in a very simplistic and… Read More »
Every traders wants to trade Big with a well funded trading capital of at least 20 lakh but very few are able to achieve this feat. Its often said Making the First Million is the most difficult thing once achieved money will flow in your coffers. Trading small account is very difficult when compared to… Read More »
Traders must control their emotions. The slightest lapse in controlling your emotions will ruin your accumulated hard-earned profits overnight. For instance, after having several losses in a trading session, you are afraid of having a losing day. This fear spurs you to over-leverage and blow up your trading account with a single trade. How many… Read More »
On the first glance, trading doesn’t seem to be that hard: you can either buy or sell, that’s it. At the same time, the potential profits a trader can make are limitless, especially when leverage is added to the equation. If you combine these two factors, they make the ideal couple for smart marketers and… Read More »
Many readers have asked me the following question: “what we are watching and what we are doing is totally opposite ?” “What we would like to act and trade and we do something reverse than that as soon as we see the trading terminal! “ “I do plan ,than trade but anyhow it goes unfollowed… Read More »